Live Nation Entertainment, Inc. (NYSE:LYV) has received a consensus rating of Moderate Buy from analysts.

Live Nation Entertainment, Inc. (NYSE:LYV – Get Rating) has received an average rating of “Moderate Buy” from the fourteen brokers currently covering the company, reports Marketbeat.com. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1-year target price among brokers who have updated their coverage of the stock over the past year is $117.64.

A number of research companies have recently published reports on LYV. Rosenblatt Securities cut its price target on Live Nation Entertainment to $101.00 from $138.00 and gave the company a buy rating in a report Tuesday, October 18. Citigroup raised its target price on Live Nation Entertainment to $100.00 from $93.00 and rated the stock as “neutral” in a research report on Monday, August 8th. Guggenheim lowered its target price on Live Nation Entertainment shares to $120.00 from $140.00 and gave the stock a buy rating in a research report on Friday, October 7th. StockNews.com upgraded Live Nation Entertainment from a “hold” rating to a “buy” rating in a research report on Wednesday, October 19. Finally, Macquarie upgraded shares of Live Nation Entertainment from a “neutral” rating to an “outperform” rating and cut the company’s price target to $105.00 from $117.00 in a research note on Tuesday, March 5. July.

Live Nation Entertainment shares up 0.2%

LYV stock opened at $78.99 on Monday. The company has a debt to equity ratio of 146.87, a current ratio of 0.99 and a quick ratio of 0.99. The company has a 50-day moving average of $85.64 and a two-hundred-day moving average of $90.76. The stock has a market cap of $18.17 billion, a price-to-earnings ratio of -157.98 and a beta of 1.34. Live Nation Entertainment has a 52-week low of $73.35 and a 52-week high of $127.75.

Live Nation Entertainment (NYSE:LYV – Get Rating) last announced its earnings results on Thursday, August 4th. The company reported earnings per share (EPS) of $0.66 for the quarter, beating analyst consensus estimates of $0.53 by $0.13. The company had revenue of $4.43 billion for the quarter, compared to the consensus estimate of $3.92 billion. The company’s revenue increased by 669.9% compared to the same quarter last year. For the same period last year, the company posted ($0.90) EPS. As a group, equity analysts expect Live Nation Entertainment to post 0.53 EPS for the year to date.

Insider buying and selling

In related news, on Tuesday, August 16, Director Jeffrey T. Hinson sold 500 shares of the company’s stock in a transaction. The stock sold at an average price of $99.42 for a total transaction of $49,710.00. Upon completion of the transaction, the Director now directly owns 60,531 shares of the Company, valued at approximately $6,017,992.02. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC’s website. In other news from Live Nation Entertainment, director Jeffrey T. Hinson sold 500 shares of the company’s stock in a transaction that took place on Tuesday, August 16th. The stock sold at an average price of $99.42 for a total value of $49,710.00. Following the transaction, the Director now directly owns 60,531 shares of the Company, valued at $6,017,992.02. The sale was disclosed in a legal filing with the SEC available at this link. Also on Thursday, September 15, CEO Michael Rapino sold 78,000 shares of the stock in a transaction. The stock sold at an average price of $92.66 for a total transaction of $7,227,480.00. Following the transaction, the Chief Executive Officer now directly owns 3,711,273 shares of the Company, valued at $343,886,556.18. The disclosure for this sale can be found here. Insiders have sold 312,500 shares of the company’s stock valued at $26,690,610 over the past 90 days. Insiders own 4.01% of the company’s stock.

Institutional trading by Live Nation Entertainment

A number of major investors recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. increased its position in Live Nation Entertainment by 505.9% in the first quarter. First Horizon Advisors Inc. now owns 206 shares of the company’s stock, valued at $25,000, after purchasing an additional 172 shares last quarter. Fieldpoint Private Securities LLC increased its stake in Live Nation Entertainment by 357.1% during the second quarter. Fieldpoint Private Securities LLC now owns 320 shares of the company, valued at $26,000, after purchasing an additional 250 shares last quarter. Tortoise Investment Management LLC increased its stake in Live Nation Entertainment stock by 274.4% during the second quarter. Tortoise Investment Management LLC now owns 337 shares of the company’s stock valued at $28,000, having purchased an additional 247 shares during the period. SOA Wealth Advisors LLC. increased its position in Live Nation Entertainment by 689.6% in the third quarter. SOA Wealth Advisors LLC. now owns 379 shares of the company, valued at $28,000, having purchased an additional 331 shares during the period. Finally, during the second quarter, CX Institutional acquired a new interest in Live Nation Entertainment valued at approximately $31,000. Hedge funds and other institutional investors own 71.08% of the company’s shares.

About Live Nation Entertainment

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Live Nation Entertainment, Inc operates as a live entertainment company. It operates through the concerts, ticketing, and sponsorship and advertising segments. The Concerts segment promotes live music events in owned or operated venues as well as in rented third-party venues; operates and manages music venues; produces music festivals; creates related content; and provides artists with management and other services.

See also

Analyst Recommendations for Live Nation Entertainment (NYSE:LYV)

This instant news alert was generated by MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team before publication. Please send questions or comments about this story to [email protected]

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